6 months on rocket

426 1st Ave, Two Harbors, MN, 55616

$650,000

Home List Price

$7,719*

Closing Credit

0 Baths
10,694 SqFt
$61/SqFt
Multi
Schools Nearby

Location

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426 1st Ave, Two Harbors$650,000

Buyer Closing Credits

$7,719*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDriveway - Asphalt, Off Street
HeatingSteam, Hot Water
ViewLake
MLS #6111097
Lot Size0.48 Acres
StatusActive
(ACTIVE)

About 426 1st Ave

Premier Lake Superior View Location!! Now is your opportunity to own a historic commercial building in the heart of downtown Two Harbors! This 27 room, 6 bath property has over 13,000 sq ft and sits on 3 city lots just steps from Lake Superior! With sweeping views from all 3 floors, one can watch the Great Ladies pull in/out of the ore docks...a sight to behold for sure! Or catch the North Shore Scenic Rail Train right out the back steps! Its just a short walk down to the local Castle Danger Brewery, Lighthouse Point and the Break-wall! The walk-out basement is equipped with a full commercial kitchen and dining space. Above grade you will find over 9300 sq ft of common area, 27 individual and shared rooms, office space and room to expand on the 3rd floor in an unfinished apartment area that is already plumbed for a bath. There are 2 industrial grade fire escapes that reach all the way up to the 3rd floor and a fully sprinkler system that is inspected yearly. The many updates include a newer roof (2 yrs), 3 furnaces (12 yrs) 4 water heaters (6 yrs) , many newer windows and a fresh coat of exterior paint. The 140x50 private corner yard space is a special added bonus along with plenty of off street parking and some small storage buildings. Continue operating as a boarding house or reimagine the business (or businesses) of your dreams! This property has endless possibilities and you cant beat the location!

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Stories: 3
  • Living Area: 10,694 SqFt

Listing Office:

  • Office Name: Messina & Associates Real Estate
  • Listing Agent: Dee Furo

Exterior Features

Exterior Information:

  • View: Lake

Parking Information:

  • Attached Garage: No
  • Parking: Driveway - Asphalt, Off Street

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.48 Acres

Utilities

Utilities Information:

  • Heating: Steam, Hot Water

School Info

Assigned Schools Information:

  • Two Harbors Secondary School, Public District Grades 6-12
  • Minnehaha Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: 7th Ave in Two Harbors, South on Waterfront Dr, Left on 1st Ave to property on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $650,000
  • Price Per SqFt: $61/SqFt

Tax Information:

  • Annual Amount: $5,497
  • Tax Year: 2021
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MLS Details

MLS Information:

  • MLS Number: #6111097

Listing Office:

  • Office Name: Messina & Associates Real Estate
  • Listing Agent: Dee Furo

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Information is supplied by seller and other third parties and has not been verified. ©2024 Lake Superior Area REALTORS® MLS - All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 12:15:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 01, 2020Home Sold
$120,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,497$269,600
2020$5,497$269,600
2018$5,241$284,000

History based on county public records data.

Payment Calculator

$3,312

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,015

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4751954
4
/10
  • Minnehaha Elementary School

  • 421 7th St

  • 0.31 miles

  • Public District Grades PK-5

High School

school-card-donut-4751955
6
/10
  • Two Harbors Secondary School

  • 1640 Highway 2

  • 2.09 miles

  • Public District Grades 6-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,111. Residents of Lake County, MN typically earn between $35k-100k each year. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas


Rocket HomesMinnesotaLake CountyTwo Harbors55616426 1st Ave

This home is located at 426 1st Ave in Two Harbors, MN and zip code 55616. This 10,694 square foot home sits on a 0.48 acre lot. It has been listed on Rocket Homes since October 17, 2023 and is currently priced at $650,000.

In April 2024, from all listings sold in Lake County, MN there were more than 2 sold above asking price, over 6 sold below and more than 4 were sold right at the asked price. The inventory of homes for sale in Lake County, MN between March 2024 and April 2024 increased by 30.4%. In April 2024, listings were on the market for 51 days. During the same period, the median list price in this real estate market was $415,000.

From Rocket Homes Real Estate and based on county public records data.

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